Lessee’s Bankruptcy. In the event that during the term of this lease the Lessee is adjudicated a bankrupt, or in the event of insolvency or the appointment of a receiver for all or substantially all of the Lessee’s business or assets on the ground of Lessee’s insolvency, or if a trustee is appointed for Lessee after a petition has been filed for Lessee’s reorganization under the Bankruptcy Act of the United States or Lessee shall make an assignment for the benefit of its creditors, and such condition shall continue without dismissal or conclusion for thirty (30) days or the additional time, if any, that is reasonably necessary to promptly and diligently cure the condition, then, and in any such event, Lessor shall have the right, at its election, or any time thereafter, to re-enter and take complete possession of the leased Premises, and to declare the term of this lease ended. Thereupon, the lease and all the right, title and interest of the Lessee hereunder shall terminate and be of no further force or effect.
Lessee’s Bankruptcy. If Lessee is adjudicated a bankrupt, or shall make an assignment for the benefit of creditors, or file a voluntary petition under any law (having for its purpose the adjudication of Lessee a bankrupt, or the extension of time of payment, composition, adjustment, modification, settlement or satisfaction of the liabilities of Lessee), or receiver be appointed for the property of Lessee by reason of the insolvency of Lessee, notwithstanding anything to the contrary elsewhere in this Lease, Lessor shall have the immediate right to terminate this Lease and to take exclusive possession of the lease premises. The acceptance of rent or other payment for the use of the leased premises shall not constitute a waiver of Lessor's right to terminate this Lease as above set forth.
Lessee’s Bankruptcy. (a)Subject to part (b) of this Section F, LF3 and TRS assign to Lender, as additional security for the Indebtedness, their right to reject the Ground Lease under Section 265 of the Bankruptcy Code after the occurrence of a bankruptcy by TRS.
Lessee’s Bankruptcy. If Xxxxxx suffers the appointment of a receiver to take possession of substantially all of Xxxxxx's assets and such receiver is now removed within thirty (30) days from the date of his appointment or if Xxxxxx makes a general assignment for the benefit of creditors, or if Lessee files a petition in bankruptcy or reorganization or if there is filed against Lessee an involuntary petition in bankruptcy or for reorganization, then in such event Lessor may, at Lessor's option terminate and cancel this Lease together with any right or rights whatsoever which Lessee may have hereunder.
Lessee’s Bankruptcy. If Lessee suffers the appointment of a receiver to take possession of substantially all of Lessee's assets and such receiver is now removed within thirty (30) days from the date of his appointment or if Lessee makes a general assignment for the benefit of creditors, or if Lessee files a petition in bankruptcy or reorganization or if there is filed against Lessee an involuntary petition in bankruptcy or for reorganization, then in such event Lessor may, at Lessor's option terminate and cancel this Lease together with any right or rights whatsoever which Lessee may have hereunder. The Innes Group / Xxxxxxxx Trust Lease July 18 2010
Lessee’s Bankruptcy. If the Lessee shall file a petition of bankruptcy, or be adjudicated a bankrupt, or make an assignment for the benefit of creditors to take advantage of any insolvency act, then, in that event, this Agreement may be terminated by Lessor upon thirty
